Brazil and Ecuador must choose between lockdown poverty and pandemic risk. @MaryAnastasiaOG @WSJOpinion

May 23, 04:50 AM
Photo: Title: Ecuador : its ancient and modern history, topography and natural resources, industries and social development
Year: 1914 (1910s)
AuthorsEnock, C. Reginald (Charles Reginald), 1868-1970
Subjects:
PublisherLondon : T. F. Unwin
Contributing LibraryHarold B. Lee Library
Digitizing SponsorBrigham Young University

Text Appearing After Image:
<<O COMMERCE AND FINANCE 357 this sum the bondholders were to receive one-fourthuntil the maximum rate of 6 per cent, was attained. In 1868, however, the loan went into default. In1888-9 various unsatisfactory proposals were madefor the settlement of the debt, still in default, but with-out result. In 1890 an arrangement was drawn up.for the conversion of the 1855 bonds, with progressiverates of interest and a sinking fund, the proceeds ofan additional import duty being assigned by Congressas security for the service of the debt. This arrange-ment was accepted by the bondholders subject to theold bonds being deposited in the hands of trusteesand cancelled only in the same proportion as thecorresponding new bonds were received. But theGovernment refused this condition, and in 1891 theEcuador National Railway Company, holding the con-cession for the completion of an important line witha Government guarantee, offered to give £ 1 5 in fullypaid-up railway shares in respect of each
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Brazil and Ecuador must choose between lockdown poverty and pandemic risk. @MaryAnastasiaOG @WSJOpinion


https://www.wsj.com/articles/lockdown-puts-brazilian-lives-at-risk-11589743232